Mykkänen criticises Finnfund’s investment report

Summary:
Minister for Foreign Trade and Development Kai Mykkänen criticises strongly a report by NGO Finnwatch that suggests that Finnish development aid funds have been used in questionable investments. According to the report, state-owned development finance company Finnfund had invested through funds e.g. in fossil fuels, meat production and private schools. Mr Mykkänen points out that the investments mentioned in the report are old and similar investments would no longer be made. He says the majority of Finnfund’s investments this decade have been in renewable energy and other priority industries targeted in Finland’s development policies.

Media:  Keskisuomalainen (E-edition, PDF)
Date: 7.9.2017
Journalist: STT / Reeta Pakkinen
Main source: Minister for Foreign Trade and Development Kai Mykkänen

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